Bitcoin miners sell their hodlings, and ASIC prices keep dropping — What’s ne...
Beset with multiple challenges, Bitcoin miners continue to liquidate their reserves, and a handful are selling more BTC per month than they make, but is there a silver lining? Crypto companies are going belly up left and right, and Bitcoin mining companies also appear to be taking on water faster than they can bail. In mid-June, Compass Mining CEO Whit Gibbs and chief financial officer Jodie Fisher abruptly resigned after allegations that the Bitcoin mining hardware and hosting company had failed to pay hundreds of thousands of dollars in overdue electricity bills to Dynamics Mining, a....
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Data shows the price of the Bitcoin ASIC miners has plunged down to the lowest value since January of last year as mining profitability drops off. Prices Of Bitcoin ASIC Miners Have Observed A Decline In Recent Months According to the latest weekly report from Arcane Research, the current downtrend in the prices of ASIC […]
ZeusMiner and Rockminer recently formed a partnership to bring both Bitcoin ASIC miners and ASIC Scrypt miners to the market. They also have used this partnership to bring both Bitcoin and Litecoin mining to ZeusHash cloud mining platform. ZeusMiner recently debuted the ZeusHash Beta test to 400 invite only beta testers. This partnership is one that seems odd as the two are technically competitors in the miner hardware space. ZeusMiner has made a name for itself by selling Scrypt miners in a competitive and growing segment of the cryptocurrency market. Not only do they sell their miners....
Innosilicon A2 Terminator Scrypt ASIC. On 4/20/14, Innosilicon announced sales of their A2 Terminator Scrypt ASIC on Bitcointalk and their website. Innosilicon is not a newcomer to the ASIC mining realm, by any means. They have previously completed the design and fabrication, through Global Foundries, of an A1 CoinCraft SHA-256 ASIC chip that was used in many cheap, ready-to-ship miners out of China in recent months. From their A1 chips revenue, Innosilicon was able to manufacture these A2 Terminator Scrypt ASIC chips without crowdfunding through preorders, as many competitors have.....
Bitcoin miners have been in a bind for a while now. When the price of the digital asset dropped, it inadvertently affected the cash flow and profits made from mining activities. Hence a lot of miners have had to sell off their BTC holdings to make ends meet. Public miners have not been left out […]
With bitcoin prices hovering over a certain handle, a great number of old ASIC mining rigs manufactured years ago are starting to become profitable again. Reports indicate that in China, where the average electricity cost is around $0.06 per kilowatt-hour (kWh), miners are starting to leverage old miners manufactured by Canaan, Bitmain, and others. Chinese bitcoin miners dealing with electronic component price increases have found outdated rigs like the Antminer S9 (10-16 TH/s) are now reaping profits again. The price of bitcoin (BTC) is making it easier for cryptocurrency miners worldwide....